Market analyst: Market driven by sentiment, not fundamentals; increased chance of multi-year bear market
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Most market analysis just regurgitates common fallacies rather than providing honest, accurate, different analysis.
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The market is often wrongfully blamed on exogenous events like wars, when the correlation is weak.
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The market is driven by sentiment, not fundamentals like GDP or jobs data which lag market moves.
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With the drop to 4100, the probability of a multi-year bear market starting soon has increased.
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Over the next 2-3 months, the market structure will indicate if a rally to 4800 or crash to 2900-3300 is more likely.